Using multiple LLC's can drastically increase the liability protection for a farm. This article discusses the layout of doing so. First though: I generally hate disclaimers, but I find it necessary to state a few. First, this article is for general information only and is written for the benefit of fellow farmers to consider in structuring their farms. Second, state laws vary, and this article is not state specific. Third, if you feel the need to comment on whether you disagree or that I’m wrong, please first go to: https://www.extension.purdue.edu/extmedia/ppp/ppp-91.pdf . It is an excellent publication from Purdue that is in line with what I am writing about in this article and gives some real life examples. In the last article, I wrote about how liability insurance is a necessity, but with the trends in jury verdicts, it may not be enough to save the farm. In other words, you could...
